Bitcoin BTC $122,046.40 bulls mounted a fresh challenge to a crucial resistance level as traders looked forward to U.S. inflation data. The top cryptocurrency rose to $122,056, testing the 1.618% ...
Learn how the Gartley pattern, a key harmonic chart pattern using Fibonacci ratios, helps traders identify potential market highs and lows for informed trading decisions.
That level represents the 1.618% Fibonacci extension, originating from the December 2018 lows, the December 2022 lows, and the 2021 high. The 1.618% extension is highly important because it's derived ...
Breakout Confirmation: End of wave (2) marked by a breakout above $0.13. Wave (3) Peak: Hit 1.618 Fibonacci extension at $0.275, signaling strength. Consolidation Phase: Wave (4) forming with support ...